QAD Inc. (NASDAQ:QADB) Given Consensus Rating of “Strong Buy” by Brokerages
QAD Inc. (NASDAQ:QADB) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Zacks has also assigned QAD an industry rank of 97 out of 265 based on the ratings given to related companies.
Separately, TheStreet raised QAD from a “hold” rating to a “buy” rating in a research report on Monday, August 1st.
A hedge fund recently raised its stake in QAD stock. Vanguard Group Inc. boosted its position in QAD Inc. (NASDAQ:QADB) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,512 shares of the company’s stock after buying an additional 400 shares during the period. Vanguard Group Inc. owned 0.20% of QAD worth $666,000 as of its most recent SEC filing. 2.91% of the stock is owned by institutional investors.
Shares of QAD (NASDAQ:QADB) opened at 19.14 on Wednesday. QAD has a 1-year low of $13.79 and a 1-year high of $23.43. The company has a 50 day moving average price of $18.33 and a 200-day moving average price of $17.20. The stock has a market capitalization of $363.14 million, a P/E ratio of 80.08 and a beta of 1.04.
QAD (NASDAQ:QADB) last released its earnings results on Thursday, August 25th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. QAD had a return on equity of 5.00% and a net margin of 1.68%. On average, equities research analysts forecast that QAD will post $0.33 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Wednesday, September 28th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Monday, September 26th. QAD’s dividend payout ratio (DPR) is presently 100.00%.
QAD Inc (QAD) is a provider of vertically oriented enterprise software solutions for global manufacturing companies across the automotive, life sciences, consumer products, food and beverage, high technology and industrial products industries. QAD Enterprise Applications enables measurement and control of business processes and supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management.
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